“Bitcoin was designed to reduce transaction costs, and allows users to work together to validate transactions by creating a public record of the chain of custody of each Bitcoin. Bitcoin can be used to purchase items online, and some retail establishments have begun accepting Bitcoin ...

Try to see the issue from a broader perspective, Jeff. The choice isn’t between Bitcoin with regulation and Bitcoin without regulation, but Bitcoin with regulation not influenced by Bitcoin users, and Bitcoin with regulation influenced by Bitcoin users. It’s not like if you don’t like...

Well, it’s good as an analogy, but it is both more complicated and more amazing. The numbers are not literally property (from the Austrian perspective), even though they allow control. The functional difference is, apart from some corner cases which are not really important, negligibl...

The Bitcoin ATM in the image to the right is on display at the Liberty Forum in New Hampshire where I spoke this morning. Of course it is far easier to live a Bitcoin life in this micro-world of radical young entrepreneurs who can easily grasp the dawning of this new world. But so it ...

But still I wondered what exactly I could do with these things. That’s when the consumer world of Bitcoin products appeared before me. We aren’t just talking about Silk Road — a website that became notorious for enabling the easy, anonymous buying and selling of drugs. There are Bitco...

[Address delivered at FreedomFest, Las Vegas, Nevada, July 14, 2012] I am an optimist about freedom…and not just the abstract concept but living freedom in my own time. It is not that I’m mentally deficient…and it is not because I haven’t been paying attention. Every morning I wake up...

Many people complain about government control of currency, but only a few do something about it. I’m not talking about movements to “audit the Fed” and such. I’m talking about real innovation that makes an end run around the government’s iron grip on the monetary system. A few of us o...